For some of the fixed assets of a business, the balance in Accumulated Depre¬ ciation is exactly equal to the cost of the asset,

(a) Is it permissible to record additional depreciation on the assets if they are still useful to the business? Ex¬ plain.

(b) When should an entry be made to remove the cost and the accumu¬ lated depreciation from the accounts?

AppendixLO1